There are more Trump Towers being erected by certain indexes (ref. Uncle Buck's pants tent noted yesterday in an HUI update). As an aside, say what you will about the…
Junk is breaking down. Junk vs. Treasury and Investment Grade is weakening today, not furthering yesterday's upside momentum. The above show a chink in the armor of the risk 'on'…
We have belabored yields and yield curves (and TIP-TLT / 10yr Breakevens for that matter) and the signs have been inflationary. Today with the broad futures up once again, we…
The market pulled the ole' whipsaw on those thinking that Trump would tank the markets or that he was somehow good for gold. I don't really understand the logic of…
A quick snapshot of the US, Japan, Europe and China. From this week's report: "SPX can bounce to the 2120-2140 area, which is thick resistance." Well, here we are. As…
The market has been very readable since before Brexit. It was over bearish and due for a post-Brexit rally . It was due for a drop to test major support…
If players are finally buying into the bearishness, now we are getting somewhere. Very simply, SPX has had a date with the 2100 (+/-) target we have had open since…
All in one handy chart... I am not making any major point here except that like a card carrying GeekNerd I can sit and look at these things for longer…
In line with the message of the previous post, with yesterday's ding of the 2100 area on SPX and today's further weakness, I covered my largest position, which was an…
The time to be getting afraid was when the market ramped and sentiment was pinging to over bullish after the Brexit sentiment reset to over bearish had sprung the rally. …
From yesterday's Happy Gappy day trader post... "Even still, who’s to say today’s little expression of joy is not a gap to be filled quickly on the downside?" Boink, in…
Follow me if you will once again into the world viewed by a day trader. This is their world I assume, because they have to watch this stuff all day…
Let's play day trader and look at the 60 minute chart. The market gapped down and is now pissing off the bears as it rises to fill that gap. But…
The following is an excerpt from the Market Sentiment & Internals segment of the October 16 edition of Notes From the Rabbit Hole, NFTRH 417, which also included technical analysis…